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BitcoinSistemi 2025-01-28 21:01:10

Renowned Founder Says “The US Will Definitely Buy Bitcoin”, Counts 5 Reasons

BitcoinOS co-founder Edan Yago made a bold prediction: The United States government will almost certainly establish a Bitcoin reserve. In a detailed analysis, Yago outlined five reasons why such a move, promised by President Donald Trump during his campaign, now seems inevitable. “Trump Will Keep His Promise to Bitcoin Supporters” In July 2024, Trump surprised the Bitcoin community by promising to create a “Strategic National Bitcoin Stockpile” during a speech at the Bitcoin Conference. This was followed by Wyoming Senator Cynthia Lummis introducing the “Bitcoin Reserve Bill,” which proposes that the U.S. government purchase one million BTC over four years. Yago argues that the crypto industry’s significant influence during the 2024 election, spending $130 million on lobbying and political action committees, will force Trump to fulfill his promise. Fulfilling that promise, which has wealthy donors and industry leaders backing his campaign, could strengthen his political base. In the early days of his presidency, Trump signed an executive order titled “Strengthening American Leadership in Digital Financial Technologies,” which called for the creation of a national digital asset stockpile. While the order does not explicitly mandate the purchase of Bitcoin, it does create a framework for holding and managing the 200,000 BTC seized through law enforcement actions. Yago emphasizes that the task force overseeing this initiative includes prominent Bitcoin advocates such as Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and SEC Chairman Mark Uyeda. Moreover, Trump has already delivered on promises he made to the crypto community, including pardoning Silk Road founder Ross Ulbricht and dismissing former SEC Chairman Gary Gensler, who was criticized for his strict regulatory stance on digital assets. Related News: Donald Trump's Cryptocurrency Project Buys a Surprise Altcoin, Then Elon Musk Rumors Emerge Yago notes that the Republican Party has increasingly embraced cryptocurrencies. In 2024, the party’s platform openly supported innovation in digital assets and passed several pro-crypto bills, including the FIT21 Act, which would create clear regulations for digital assets. Prominent party members such as Senate Banking Committee Chairman Tim Scott and Digital Assets Subcommittee Chair Cynthia Lummis have openly supported Bitcoin. Lummis, a staunch advocate, owns 5 BTC herself and supports legislation aimed at integrating Bitcoin into the US economy. Beyond political or financial incentives, Yago notes the ideological alignment between Bitcoin supporters and Republicans. Many Republicans share Bitcoiners’ disdain for central banking and inflationary monetary policies, and advocate a return to non-inflationary “stable money” systems. A key component of Senator Lummis’ Bitcoin Reserve Bill addresses the national debt. Instead of taxing citizens, the bill proposes revaluing U.S. gold reserves at current market prices, unlocking hundreds of billions of dollars in value. A portion of that revenue could be used to purchase about 5% of Bitcoin’s total supply, which is in line with the scale of the nation’s gold reserves. *This is not investment advice. Continue Reading: Renowned Founder Says “The US Will Definitely Buy Bitcoin”, Counts 5 Reasons

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